Next quarter I still think that there will be a shortfall in earnings. This is not over yet as you can see from the stock price. If they have not done anything wrong I wish them the best and hope that their stock price comes back. If 6o minutes used faulty procedures they will have good insurance to settle a hefty lawsuit from LL.
Yesterday for much of the day brokers covering their short positions from clients selling just above 45.
Today a nice up move. There may be a reason they make 100 million a day trader. It certainly has nothing to do with an equal playing field.
Sad day for them when the company reported much better earnings yesterday than when it was 90 and of course it was taken to the wood shed again today. I know it was only down 5% but really it was down over 10% with gap up over 50 pre market.. I did buy some this afternoon because I think it is oversold and the brokers were covering a bunch of stock as clients had to sell. Doesn't mean much as wall street does it's own thing. Internet still getting into more homes in China so think there is still upside. That being said wall street could still take it lower.
Decided to cover everything at 31.54. May have a little bounce. Will watch and see what they do. Big boys may cover some.
This stock is a great trading stock for brokerages. They take it up for some time, sell then short. They continue this trend for some time shorting more and covering some of clients sells. INTC has fallen approximately 20% i less than 3 months. Now where else do you make that much money on a sure thing.
Sorry I shared that incorrectly. They are covering a bunch to clients selling.
At this stage you know they are not buying. They are shorting to clients selling.
I went short so I guess I did. I added more today. Great volume in a continued down trend. Wall street selling and shorting this.
This stock is down nearly as much as LL for the year. Difficult to comprehend other than manipulation.
I would think so. Yet this stock reminds me a little of DE in 2008. I kept following it looking to pull the trigger. It just kept falling and falling. I finally got in at 37 and it still fell further. I will wait a little longer as we are still at highs in the market. The correction has not even started yet. Of course maybe today is the beginning.
This company had a nice beat and raised guidance. They have shorted it down to new 52 week lows month after month and now it can still not move up. A year ago it was 120. It grew earnings exponentially and it is trading at 49 and falling. WOW!
May be a few shorts that want it down for open. If they try to cover now there are not enough shares for sale. Result is that it would rise too quickly. If the wall street big boys have too many shares short you can forget a quick big rise in stock price.
You have to be kidding that the costs are zero. The litigation costs alone will be high. Who is shopping at LL now? This quarters earnings will be dismal. Look what happened to HLF. They didn't even have any health issues and the shorts brought so much negative interest that defending themselves cost them very heavily. Folks that bought in January may be hoping what you are sharing is true but this is a nightmare not a frilly dream. This will cost this company dearly. Whether they go out of business I do not know but this will remain negative for the company.